Curated News
By: NewsRamp Editorial Staff
September 24, 2025
Galaxy Payroll Regains Nasdaq Compliance After Price Recovery
TLDR
- Galaxy Payroll Group's Nasdaq compliance restoration signals regained investor confidence and positions the company for potential stock price advantage.
- Galaxy Payroll Group regained Nasdaq compliance by maintaining a closing bid price of $1.00 or higher for 10 consecutive business days.
- Galaxy Payroll Group's stability ensures continued payroll services for multinational companies, supporting employment and business operations across multiple regions.
- Galaxy Payroll Group successfully resolved its Nasdaq listing issue months ahead of schedule, demonstrating effective corporate turnaround strategies.
Impact - Why it Matters
This development matters significantly because maintaining Nasdaq listing compliance is crucial for any publicly traded company's credibility and investor confidence. For Galaxy Payroll Group specifically, this successful compliance restoration prevents potential delisting, which could have severely impacted stock liquidity, institutional investment, and the company's ability to raise capital. In the payroll and HR services sector, where trust and stability are paramount, this positive resolution reinforces Galaxy's position as a reliable partner for multinational corporations. For investors, it signals management's effectiveness in navigating regulatory challenges and suggests underlying business strength. The payroll outsourcing industry serves as a barometer for economic health, and Galaxy's recovery may indicate broader stability in the Asian business services market that supports international companies operating in the region.
Summary
Galaxy Payroll Group Limited (Nasdaq: GLXG), a leading global payroll provider based in Hong Kong, has successfully regained compliance with Nasdaq's minimum bid price requirement after facing potential delisting earlier this year. The company received a formal notification from Nasdaq on March 17, 2025, informing them that their ordinary shares had failed to maintain the required minimum bid price of $1.00 over the previous 30 consecutive business days. This development triggered concerns about the company's continued listing status on the prestigious Nasdaq exchange, which serves as a critical benchmark for investor confidence and corporate credibility in global financial markets.
Through strategic measures implemented over the past six months, Galaxy Payroll Group demonstrated remarkable resilience by achieving compliance well ahead of Nasdaq's stipulated deadline. The company confirmed that from September 8 through September 19, 2025, its ordinary shares maintained a closing bid price of $1.00 or greater for ten consecutive business days, satisfying Listing Rule 5550(a)(2) requirements. Mr. Wai Hong Lao, Chief Executive Officer of Galaxy Payroll Group Limited, expressed satisfaction with this achievement, noting that the positive momentum reflects growing confidence in their business strategy and operational execution. The company's successful navigation of this regulatory challenge underscores its commitment to maintaining strong market presence and creating sustainable value for shareholders.
As a specialized payroll outsourcing service provider operating across Hong Kong, Taiwan, Macau, and mainland China, Galaxy serves multinational companies across various industries with comprehensive HR and payroll solutions. The company's ability to overcome this regulatory hurdle positions it strongly for continued growth in the competitive payroll services market. Investors and stakeholders can find additional information through the company's official communication channels, including their corporate website at www.galaxyapac.com and through their media contact at Intelligent Joy Limited, where Karen Deng serves as the primary point of contact for investor relations and public communications.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Galaxy Payroll Regains Nasdaq Compliance After Price Recovery
